Good morning Traders,DOW Snapshot from the previous trading...

Good morning Traders,

DOW Snapshot from the previous trading session

"December has been a good month for U.S. stocks, so this week's lackluster action isn't upsetting investors much. Stocks have managed to eke out gains over the past few sessions and are up 5% for the month.

Unless there's some major news to drive investors to the sidelines, it looks like all three major indexes will see double-digit percentage gains for the year. In Wednesday's session, investors weighed worries about a possible Spain downgrade with relatively upbeat U.S. inflation data.

"If news like [Spain] had been a surprise, we'd have seen the Dow off by 1% or so," said Paul Radeke, vice president at KDV Wealth Management. "But everyone knows [Spain] was having trouble with their debt markets. People are looking to the domestic data."

Investors are also looking for Congress to extend the Bush-era tax cuts. The Senate approved the controversial $858 billion tax package Wednesday, despite a series of objections from both the left and the right. The measure, which passed 81-19, now advances to the House of Representatives." - [Source: cnnmoney.com]

The DJIA Index finished the last trading session Down 19.07; and
The SPI Futures are currently: Down 13 pts atm.

Of note in the US this evening:

Housing Starts [Market moving indicator]

Philadelphia Fed Survey [Market moving indicator]

Jobless Claims [Merits extra attention]

EIA Natural Gas Report [Merits extra attention]

Please also note that it is Quadruple Witching in the US on Friday;

...AND...

Of note in Australia today:

Consumer Inflation Expectation (Dec)

Reserve Bank's Bulletin - December Quarter 2010

[Sources Used: bloomberg.com; dailyfx.com; fxstreet.com; nasdaq.com]

Gold is currently trading Down $16.40 & is sitting at US$1,379.40/oz atm [Source: Kitco]
Oil is currently trading Up $0.34 & is sitting at US$88.62/bbl atm [Source: Bloomberg]
The Dollar: The AUD is currently trading @ 0.9865 cents against the US Dollar[Source: Forex. Live]

Have a great day trading today all.

Cheers, Tweets

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